Technip Reports Contract Award From Eni - Quick Facts

(RTTNews) - French oil field services provider Technip SA (TNHPF.PK, TKPPY.PK) Thursday said its wholly-owned subsidiaries Technip Umbilicals Ltd. and Angoflex Ltda. have been awarded a contract by ENI S.p.A. (E) to supply umbilicals to the Block 15/06 East Hub Development offshore Angola.

This field is located about 350 kilometers north of Luanda, at water depths of 450-600 meters. The contract covers project management and manufacture of about 15 kilometers of dynamic and static steel tube umbilicals, Technip said.

Technip Umbilicals facility in Lobito, Angola, with support from Technip Umbilicals in Newcastle, UK, will manufacture the umbilicals that are scheduled to be completed in the second half of 2016.

This project follows on Technip Umbilicals' successful completion of many deep water West African projects in recent years.

This new contract follows another project awarded to Technip last year for the fabrication and installation of flexible and rigid pipelines at Block 15/06.